The Federal Government will offer marginal oil fields for auction this year despite the crash in crude oil prices, the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyar
i, has said.
He spoke on Tuesday during a virtual dialogue session on government fiscal policy decisions in response to the current challenges organised by the Ministry of Finance and the UK Department for International Development Partnership to Engage, Reform and Learn. He said, “This is not the best time to call foreign investors to participate in any bid round. The licences will be priced very low, and even the appetite will be very low.
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